🚀 Nvidia continues to surge

In partnership with

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Nvidia’s historic rally is largely driven by its data center business, which grew 427% in the latest quarter due to high demand for its AI processors. Nvidia reassured investors that these processors can provide substantial returns on investment, suggesting the AI boom has longevity. Major cloud providers such as AWS, Microsoft Azure, Google Cloud, and Oracle Cloud accounted for around 45% of Nvidia’s $22.56 billion in data center sales. Specialized GPU data center startups, like CoreWeave, also heavily utilize Nvidia's GPUs. Following a strong earnings report, CFO Colette Kress indicated cloud providers could earn $5 for every $1 spent on Nvidia hardware over four years, with even higher returns projected for newer products like the HDX H200. CEO Jensen Huang highlighted the high demand for Nvidia GPUs among top tech companies and numerous AI startups. Nvidia's next-generation GPU, Blackwell, will launch in the fiscal fourth quarter, with customers including Amazon, Google, Meta, Microsoft, OpenAI, Oracle, Tesla, and xAI. Nvidia’s shares rose 6% in extended trading, surpassing $1,000 for the first time, accompanied by a 10-for-1 stock split announcement.

2. In a strategic move to enhance its sports portfolio, Warner Bros. Discovery has inked a five-year sublicensing deal with Disney’s ESPN to broadcast select College Football Playoff games. Under the agreement, Warner Bros. Discovery’s TNT will air two first-round games in 2024 and 2025, with two additional quarterfinal games starting in 2026. Disney retains exclusivity on the championship game throughout the contract, which runs until 2031, with an option to sublicense a semifinal game to Warner Bros. Discovery from the third year onward. The deal is part of the new 12-team College Football Playoff format debuting in December, replacing the previous four-team tournament. ESPN will produce the broadcasts, primarily featuring ESPN talent, while Warner Bros. Discovery is paying ESPN hundreds of millions per year for the rights. This partnership allows Warner Bros. Discovery to bolster its Max sports tier amidst ongoing negotiations with the NBA, where it faces competition from NBCUniversal and Amazon. With this deal, Warner Bros. Discovery secures a strong sports lineup including the CFP, NBA (until mid-2025), NCAA basketball, soccer, NASCAR, MLB, and NHL, which will aid in its carriage renewal deals for TNT and other networks. Additionally, this sublicensing agreement supports the upcoming Venu Sports streaming service, a collaboration between Disney, Fox, and Warner Bros. Discovery, set to launch in the fall.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. Pixar staff is being reduced by 14% as part of layoffs by Disney.

   2. Target reported a decline in sales for its last quarter.

   _{* This is sponsored content.}

Boost Your Marketing Performance with Anyword

Even the largest AI models don’t know what works for your marketing. They don’t know your brand, audience, or what resonates. Anyword does.

Trusted by over 1M+ marketers, Anyword generates optimized content trained on your marketing channels, with predictive performance scoring & insights for any copy, channel, and audience – so you don’t have to guess what content will perform best.

Easily create engaging, on-brand content at scale that boosts marketing performance and achieves team goals.

Try Anyword now!

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill